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Wednesday, December 7, 2011

Chart-Cast Pilot

Today, in short-term trading accounts, we lifted long positions with a $2270 profit per contract and reversed short nearby Oil futures at 100.55.

Outside the purview of our trading strategy, we have also noted a short-term downside price target at $98 even vs. the 102.44 pivot high.

Nearby trendline support is noted in blue, while the rising reddish trendline defends the $98 target, which would return roughly 2.4 points or $2,400 per single contract traded. The balance of today's Pilot is available in PDF formathere.